Section 8 Fair Market Rent (FMR) for ZIP 21240 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,910
1 Bedroom	$2,040
2 Bedrooms	$2,520
3 Bedrooms	$3,150
4 Bedrooms	$3,500
5 Bedrooms	$4,060
6 Bedrooms	$4,547
7 Bedrooms	$4,911
8 Bedrooms	$5,157

Based on the available data, ZIP 21240 is located in Baltimore, Maryland, and serves the Anne Arundel neighborhood. This area is known for its mix of residential properties and access to urban amenities. Below is a concise market analysis for potential landlords and small-portfolio investors.

Average market rent for ZIP 21240 is not directly available, but the Fair Market Rent (FMR) set by HUD for a 2-bedroom apartment is $2440 for the fiscal year 2024.

• The Fair Market Rent (FMR) for a 2-bedroom apartment in ZIP 21240 is $2440 for the fiscal year 2024.
• Median home value data is currently unavailable for ZIP 21240.
• Renter share percentage is not specified for this particular ZIP code.
• Average days on the market (DOM) for rental listings is not available.
• The median household income in the broader Baltimore area is around $50,000, though specific data for ZIP 21240 is not available.

Given the high FMR and the lack of specific market rent data, it suggests that the rental market in ZIP 21240 could be competitive and potentially lucrative for landlords. However, without precise median home values or renter share percentages, it's challenging to fully gauge the investment potential. Investors should focus on properties that align with the FMR and consider the broader economic context of Baltimore when making decisions.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.